U.S. Fund Managers Maintain Strong Positions in Nvidia and AMD Amid AI Boom
Nvidia (NVDA) remains the most widely held stock among U.S. active fund managers, according to Bank of America's latest report. Ownership surged to 76% of funds, up 219 basis points from the previous quarter, reflecting sustained confidence in the chipmaker's dominance in AI and data center markets. Despite a 1.11x portfolio weighting—only marginally higher than peers—some profit-taking appears underway after this year's rally.
Advanced Micro Devices (AMD) saw ownership climb to 24%, though it remains significantly underweight at 0.19x relative weighting. The stock gained premarket traction following its 2025 Analyst Day, where the company outlined growth strategies. Both chipmakers continue to benefit from institutional bets on semiconductor leadership, though positioning suggests Nvidia maintains pole position in portfolio allocations.